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mortgages for foreigners
I am US citizen who moved to London this year. As the market is picking up, I would like to look for a mortgage. I can pay up to 40% of the house value. I have gone to Barclays, they said they don't lend to foreigners unless they have lived in UK for at least two years. Are there any lenders that will lend me now instead…
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Sell property to daughter below valuation
I own a property that I wish to sell to my daughter at a price below a surveyor's valuation. If the valuation is £150000 and I sell it to my daughter for £100000, would a bank take the £50000 discount as a "deposit" if she applied for a mortgage?
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Mortgage for self employed for one year
Hi, I have a couple of questions and hoping somebody may either be able to help or point me in the right direction. First question is about financing for the purchase of a freehold. My freeholder has offered to sell the freeholder to myself and the other leaseholder in our building. I know that the other leaseholder with…
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Insurance - what do I need ?
Hello again - I'm after more help. Assuming that eventually I will get a mortgage offer, what insurance do I need / would I benefit from, beyond building & contents ? My situation : I am single with no dependants. I have death in service benefit from work which is more than my mortgage. If I do get made redundant, I have…
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Help to Buy Equity Loan
Looking at hopefully doing this if its possible. Just wondered do you have to take the mortgage over 25 years or can it be longer? I understand the equity loan would be max 25 years. But we would like to take the mortgage over 35 years. I'am 32 and my partner is 37. Reason being it would really make it more affordable for…
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Buyer accepted...right what next!
Hi You have to bear with me on this one. Im new to all of this and learning as I go along, hoping for some advice along the way :-) So an offer has been accepted for my first property and now i have instructed a solicitor but need some advice regarding a mortgage advisor. I slightly stuck on who to choose and was wondering…
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Mortgage Payment Holiday
Hi All Not sure if anyone can help with this, we are considering taking a mortgage payment holiday for 1 month, I've spoken to the Halifax and they are happy for us to do this however I find it quite unbelievable that they can't tell me what my new monthly repayments would be after the payment holiday finishes. I fail to…
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Mortgage Advise for a friend
Hi All, I have a friend who has made an offer and had it accepted at 60,000 on a property. he is willing to pay 45% deposit, but Santander have referred his application to head office because he wanted to take it over a short term. I and others have advised increasing the term would help him getting a mortgage approved.…
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Mortgage offer renewal
Hello Does anybody know how long it takes to get a renewal for a mortgage offer from Halifax and what it entails? - Do they perform another credit check and does it go to the underwriters again..., Thanks
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completion 30th september
solicitor has instructed our completion will be 30th september. paper work signed 2 weeks ago and solicitor will date it accordingly. i know i need building insurance for that date. is there anything else i need. thanks in advance
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what happens during the mortgage process when the valuation expires?
what happens during the mortgage process when the valuation expires? we had the original offer 9 weeks ago, but it was not concise enough about the works that needed to be done before completion, so we couldn't use it to exchange, and it went back to the underwriters for a point list to be done for the mortgage offer. in…
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Interest only deals all gone ?
Have ALL the interest only deals on mortgages now ceased or are the ones where you have to borrow a minimum 300k like Virgins the only ones left ? When I input my details wanting one on comparison sites it says over 700 available till you click on them. I am after a 65% LTV interest only borrowing £112000 Any ideas ? Thanks
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Notice of possible redundancy part way through remortgage app :(
I currently have a mortgage and the fixed rate ends at the end of November. As they didn't have any good deals I applied to Woolwich through L&C a few weeks ago. I work in local government who recently announced yet more cuts but we had no idea of amounts per department, whether there would be any losses in my department…
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Underwriter decision - is it reasonable?
Hi All, I've just recieved the news that Santander have declined our mortgage application (2 months down the line) due to two things:* My partners defaulted student loan which didn't cause an issue with the credit check. * The debt management payments from his previous relationship about 8 years ago which he has been…
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Cleared CC balance still showing on credit report... will this affect mortgage?
As the title suggests, I paid off two credit card balances (about £400 each) a few of weeks ago. I told my mortgage adviser about them and he said not to worry and nationwide will see its been paid on their report, and as a result he didn't declare these in my mortgage application as outstanding/to be paid before…
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Porting mortgage - how much will the new loan be for?
Hi, I'm sure this sounds like a bit of a silly question, but I would like to know how much we will actually be borrowing. Communication with the lender has been dire so I thought I'd ask you guys what generally happens. Tied in on current mortgage of £100k. Buying house for £300k with 70% LTV mortgage. So have applied to…
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I want to say a big Thank you
to all the helpful people on this site - I may not post much, but often spend my lunch hour reading threads and gleening information. It was such information that gave me the courage to address my endowment shortfall, and turned part of my mortgage into a repayment, it was a struggle espcially when hubby was made redundant…
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Selling endowments
Hi does anyone know if there are any companies that still buy endowments? Thanks in advance.
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Can you get mortgage with CCJ?
Please can anyone tell me if you can get a mortgage if you have a CCJ due to taking out a debt management plan?
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Overpay or Save vs Interest Rises
Hi all, Brief question that'd I'd appreciated advice on: We currently rent at £695 per month. We are buying our house by taking out a £140000 mortgage on lifetime tracker that runs 2.19% above the base rate. Our payments at current 2.69% will be c.£640 per month. With the surplus £55 that we'll be saving per month, would…
